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Case Law Details

Case Name : ITO Vs Dhan Sai Srivas (Chhattisgarh High Court)
Related Assessment Year :
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SUMMARY OF CASE LAW

Benefit in lieu of salary payable to an employee opting for voluntary retirement is exempted from being charged to tax to the extent of Rs. 5 lakhs by reason of section 10(10C); even if the payment is stretched over a period of years, the same would not become chargeable to tax in any subsequent assessment year.

RELEVANT PARAGRAPH

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